Validators earned $46 million in the first week of May due to an increase in the staking rewards rate, which is a metric for validators’ annualized yield. The recent trading craze of a new memecoin called Pepe (PEPE) is the reason behind the increased rewards for validators. In the past week, the average fees on the Ethereum network have exceeded 100 gwei, marking the highest level since May 2022. Are we about to see another crypto & metaverse boom?
PBN Research
Ethereum Validators Earn a Record $46M
https://cointelegraph.com/news/ethereum-validators-earn-a-record-46m-as-staking-rewards-rate-surges
The recent trading craze of a new memecoin called Pepe (PEPE) is the reason behind the increased rewards for validators. In the past week, the average fees on the Ethereum network have exceeded 100 gwei, marking the highest level since May 2022. As gas fees increase, end users pay over $30 per swap, resulting in higher fee income.
Ethereum's OFAC-compliant blocks fall to 27%
https://www.theblock.co/post/230179/ethereums-ofac-compliant-blocks
The daily percentage of Ethereum’s OFAC-compliant blocks dropped to 27% from 80% in November 2022.
Non-censoring MEV relay operators such as Ultra Sound Money and Agnostic are now being used by over 60% of validators.
NFT trading volume rose 230% in Q1, Nansen finds
https://coinjournal.net/news/nft-trading-volume-rose-230-in-q1-nansen-finds/
NFT trading volume rose 130% in Q1, 2023 with over $4.54B in sales compared to $1.97 billion in Q4, 2022.
According to Nansen Data Journalist Martin Lee, the NFT marketplace Blur accounted for most of the volume in the quarter.
The number of NFT users also grew significantly during the quarter, although the past few weeks are seeing a decline in volume and user numbers.